Yesenia Paulina

Update on Yesenia Paulina

Yesenia belongs to the María Auxiliadora communal bank. She continues with her business of selling beauty products like creams, perfume, and cologne, among others. She has been in this business for years, and it is going well for her thanks to the daily effort she puts into the business.

She sells merchandise to all of her friends and to customers who request her products. She is a responsible and diligent person, as this is the way that she gets her family ahead.

She is requesting the loan to buy more merchandise, like perfume and cologne, for her business.

She is grateful for the loan that was granted, and she pledges to make her payments punctually.

Previous Loan Details

During the communal bank’s meeting we met Yesenia, who is a member of Asociación Arariwa’s “María Auxiliadora” communal bank, and who meets with her fellow members every thirty day in the house of one of the members in Cusco’s San Jerónimo neighborhood.
Yesenia was born in Cusco, Perú. She…
More from Yesenia Paulina's previous loan »

Additional Information

Important Information

About Asociación Arariwa
Asociación Arariwa is a large non-governmental organization that started offering microcredit in 1994 to improve the quality of life, skills and equity of the population in the rural Cusco region of Peru. Arariwa serves the southern Andean provinces of Peru, and is distinguished by its efforts to reach the very poor, who often live in isolated rural areas. Arariwa fosters village banking, supports savings accounts, promotes access to education, and empowers women entrepreneurs (who make up 78% of its borrowers).

Concurrent and Successive Loans

Our Field Partners often work with borrowers over a series of loans as the borrowers build credit, take out bigger loans, and expand their businesses. In order to make it easier for our Field Partners to post loans for borrowers who have been listed on Kiva before, we allow them to post successive and concurrent loans for their Kiva borrowers. This means that our Field Partners are able to post a borrower's second, third, etc., loan on Kiva without having to re-enter all of the borrower's information.

This borrower has been listed on Kiva before, so you'll see an updated loan description, as well as excerpts of the original descriptions from earlier loans. Most borrowers take out loans consecutively, meaning that they receive a second loan after having repaid the first. However, sometimes our Field Partners give out concurrent loans, allowing borrowers to take out one primary loan and a secondary "add-on" loan along with it. These "add-on" loans are typically smaller than the borrower's primary loan and serve a different purpose. Because Field Partners can now post loans as successive and concurrent loans, you will be able to track borrower progress over time and see the various ways a borrower is working with our Field Partners through funds from Kiva’s lenders.